Bitcoin Long-Term Analysis: Bullish Breakout or Mid-Bull Market Bitcoin Long-Term Analysis:
The chart illustrates Bitcoin's (BTC) monthly price action within an ascending channel since 2017. The red vertical lines indicate instances when the monthly RSI entered the overbought zone, historically coinciding with mid-bull market phases.
At $75,000, BTC will encounter the channel's midline . A breakout and consolidation above this area could propel the price towards the channel's upper trendline, potentially reaching $300,000 depending on the timing of .
Currently, most indicators on lower timeframes show overbought conditions, suggesting a probable correction after BTC reaches the channel's midline. Further analysis on lower timeframes will provide more insights into potential corrective movements.
Please note: All analysis provided here is for informational purposes only and should not be considered investment advice. You are solely responsible for any investment decisions based on this information.
Bullmarkets
Idea of when LTC will moveIn the past, from bear market low to start of bull market breakout has taken LTC 102 weeks and 101 weeks for the last 2 cycles respectively. We can just say ~700 days from bear low it will take to get bull market breakout. As time of writing, we are currently at week 90 of 101 . Using these past time frames we can assume a breakout range for this bull market near end of May '24 . From that bull market breakout, it took LTC 37 weeks and 26 weeks to reach bull market high. Taking an average we can assume it will take ~31.5 weeks this cycle after bull market breakout to get to cycle highs. From this analysis im seeing late November '24 to late January '25 will be the range to start looking for cycle highs. Who knows what price we will be at, depends if you think we will break the double top previous highs that we have been consolidating in for the past 6 years or so, but that's beyond this analysis.
Ladycoin to the moon :)hello everybody. ladycoin is continuing to make moves towards the upside. When I first wrote about this coin it was at 000580. its now at 0010. Good levels to buy are at 000790-000820. Possible chance we can re test 000680 levels but I would not bank on it. Again, everything is dependent on the way BTC moves. However, with a marketcap of only 45M, you are getting a opportunity of a lifetime! Imagine if you got into PEPE when it was only a 100M mkt cap. PEPE is now at 1B mkt cap and growing. Besides the TA on this chart, note that you are buying a coin that is backed behind the image of a women. All it takes is one major female influencer to start shilling this coin. Time for you guys all to become female activists ;) lol jk. (not financial advice) but consider making this coin a part of your portfolio. Sometimes in these bull markets the coins with 0 utility make bigger moves then ones with utility.
Have a good day!
Bitcoin Halving: Before and After Price TrendsBitcoin Halving: Catalyst for Price Surges?
Historically, Bitcoin's price has shown a tendency to increase after a halving event, although the exact dynamics can be influenced by a myriad of factors beyond just the halving itself, such as market sentiment, global economic conditions, and technological advancements within the blockchain ecosystem. Here's a brief overview of the price behavior around the past halving events:
1. **First Halving (November 28, 2012):**
- **Before Halving:** The price was around $11.
- **After Halving:** The price increased over the following year, reaching over $1,000 in November 2013.
2. **Second Halving (July 9, 2016):**
- **Before Halving:** The price was around $650.
- **After Halving:** The price trended upwards, reaching nearly $20,000 by December 2017.
3. **Third Halving (May 11, 2020):**
- **Before Halving:** The price was around $8,600.
- **After Halving:** The price saw a significant increase, peaking at over $64,000 in April 2021.
It's important to note that while halving events tend to reduce the supply of new Bitcoins entering the market, leading to potential price increases, each halving event occurs in a unique market and global economic context. Therefore, while historical data can provide insights, it is not a guaranteed predictor of future price movements. Investors are always advised to conduct thorough research and consider multiple factors before making investment decisions.
TOTAL MARKET CAP: HISTORICAL CYCLES!People are talking a lot about altcoins in the cryptocurrency market. They think there might be a big season coming up where altcoins, which are alternative cryptocurrencies to Bitcoin, could be worth a total of $5 trillion by 2025. This idea comes from looking at past data and patterns in the market.
Historical
Let's look at some past data:
It took about 762 days for the total cryptocurrency market value to be higher than it ever was before.
If things happen like they did before, we might see a new high around December 2024.
The last time prices went really high lasted for about 1066 days, and this time it could be similar.
Fractal Analysis:
This is a fancy term, but it just means looking for similar patterns in the past:
Between 2014 and 2015, prices stayed pretty steady for about 610 days.
Then, from 2016 to 2017, the value of altcoins shot up to around $400 billion.
After that, from 2018 to 2019, there was another period of steady prices for about 609 days.
Now, from 2022 to 2023, we've seen about 548 days of steady prices, which might mean a big change is coming.
Future Projections:
Based on what we've seen before, here's what some people think could happen:
They're guessing that altcoins could be worth $5 trillion by 2025, which would be a huge jump.
They think this might happen around September or October 2025.
Conclusion:
Looking at all this information, it seems like altcoins could be in for a good run in the next few years. If they really do reach $5 trillion by 2025, there could be some big opportunities for investors. It's something worth keeping an eye on as things develop in the cryptocurrency world.
How to Become Rich in 2024 ? Best Altcoins to HODL !!!What is Altseason and Why is it Important?
Altseason is a period of time when altcoins (alternative cryptocurrencies to Bitcoin) outperform Bitcoin. This usually happens during bull markets, when investors are more willing to take on risk. Altseason can be a great time to make big profits, but it's important to do your research and only invest in coins that you believe in.
6 Altcoins to Watch for the Bull Run
1. DYDX
DYDX is a decentralized derivatives exchange that is built on the Ethereum network. It offers a variety of features that make it a popular choice for traders, including margin trading, perpetual contracts, and spot trading. DYDX has been on a tear in recent months, and it shows no signs of slowing down.
DYDX has been in a clear uptrend since the beginning of the year. It has broken out of several resistance levels and is now trading at all-time highs. The RSI indicator is also showing bullish momentum, with a reading of 70. This indicates that DYDX is overbought, but it could still continue to rise in the short term.
2. OP
OP is a layer-2 scaling solution for Ethereum that is designed to increase throughput and reduce fees. It is still under development, but it has the potential to revolutionize the way that Ethereum is used. OP is one of the most anticipated altcoins of 2023, and it could be a huge winner in the bull run.
OP is currently trading in a large megaphone pattern. This is a bullish pattern that indicates that OP is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 65. This indicates that OP is overbought, but it could still continue to rise in the short term.
3. ARB
ARB is an Ethereum-based project that is developing a decentralized rollup solution. Rollups are a type of scaling solution that can significantly increase the throughput of Ethereum. ARB is one of the most promising rollup projects, and it could see significant growth in the coming months.
ARB has been in a long accumulation phase. It has been slowly building a base of support, and it is now ready to break out. The RSI indicator is also showing bullish momentum, with a reading of 55. This indicates that ARB is not overbought, and it has room to run.
4. SOL
SOL is a high-performance blockchain that is designed to support fast and scalable transactions. It has been one of the best-performing altcoins of 2023, and it shows no signs of slowing down. SOL is a good choice for investors who are looking for a fast and scalable blockchain.
SOL has recently broken out of an ascending triangle pattern. This is a bullish pattern that indicates that SOL is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 60. This indicates that SOL is not overbought, and it has room to run.
5. DOT
DOT is the native token of the Polkadot network. Polkadot is a sharded blockchain that allows developers to create and connect their own custom blockchains. DOT is a good choice for investors who are looking for a blockchain that is interoperable and scalable.
DOT has been slowly recovering from its all-time high. It is now trading in a range, and it is likely to break out soon. The RSI indicator is also showing bullish momentum, with a reading of 50. This indicates that DOT is not overbought, and it has room to run.
6. AVAX
AVAX is the native token of the Avalanche network. Avalanche is a platform that allows developers to create and launch their own blockchain projects. AVAX is a good choice for investors who are looking for a blockchain that is fast, scalable, and secure.
AVAX has recently broken out of a descending triangle pattern. This is a bullish pattern that indicates that AVAX is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 65. This indicates that AVAX is overbought, but it could still continue to rise in the short term.
Conclusion
These are just a few of the many altcoins that have the potential to explode in the coming bull run. It's important to do your own research and only invest in coins that you believe in. However, if you're looking for a place to start, these 6 altcoins are a good option.
💬 Engage in the discussion: Share your experiences with risk management, ask questions, and join a community committed to fostering intelligent and secure trading practices. 🌐✨
USDT.DTeather dominance is used as gauge to inverse the prices of CRYPTOCAP:BTC & #altcoins. When CRYPTOCAP:USDT.D drops it is bullish for the entire crypto space and when it pumps it is bearish.
Right now the downtrend is breaking below a channel that I have marked off since 2018. That means this channel has been in play 6 years. Right now the candles are breaking below the bottom TL in what I have labeled a 5 wave bearish declining sequence. The significance of this is move is important.
The bottom TL has been the top of all bull markets since 2018 and we are currently breaking below that level with no real support in sight until 4% then 2%. This means that the bears have officially lost. It's game over now. Bull market is here and it looks big since this channel has been bear market support since 2018.
BigMike loves you all let the party begin.
Risk for Correction as Earnings Season EndsChecking the Monthly DPO chart of NASDAQ:NDX , it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these.
Corrections are necessary for a long-term uptrend to sustain.
Notice that there is more room to move up to the previous cycle peak of 2021. This new cycle peak can go higher as corporations continue to increase their revenues and earnings this year.
Also note that the extreme angle of ascent of the trend in 1998-2000 is far more severe than what has formed so far in this new bull market.
BTC analysis 2Hi everyone! I'm MSNP, hope to have good year.
let's see what happening on BINANCE:BTCUSDT BTC.
we had a measured move based on first leg or BO and another measured move based on channel that we broke to upside.
now on MM target we have a 32 day's Trading range...
so, what we expect of next move?
1. we can rest a little more here and go for higher levels(48k,49k). 20 to 30 % possibility (if get there we have double top potential )
2. we can go for a 2-wave pullback and see 40k once more that, this can be good (no rush and no pressure on any side)
3. we can have a bull BO and immediately back to TR and then we see a Deep correction. (70% possibility)
have green portfolio.
MSNP
AlgoAlpha's Crypto Bull ThesisIntroduction
In the ever-evolving world of cryptocurrency investments, one often hears conflicting narratives about market efficiency and the potential for massive gains. This article delves into the Crypto Bull Thesis, offering insights, and high-conviction crypto assets that may flourish in the next bull cycle.
Directional Bias
1. Limited Growth Stock to Flow
At the heart of our Crypto Bull Thesis lies the concept of the Limited Growth Stock to Flow (LGS2F). This model highlights Bitcoin's unique value proposition: its limited supply. The scarcer an asset, the more valuable it becomes, and Bitcoin's halving events every four years reinforce this scarcity. This limited growth S2F model underpins our base case, making Bitcoin a store of value unlike any other.
2. Bitcoin Four-Year Cycle
The Bitcoin four-year cycle is a well-documented phenomenon. It's akin to clockwork: approximately 2-3 years of bullish trends, characterized by remarkable price appreciation, followed by a year-long correction phase (red). This cyclical pattern has held true throughout Bitcoin's history and forms the foundation of our bullish outlook.
3. There is still room for more pump
Evaluating Bitcoin's long-term market conditions is paramount. We assess whether Bitcoin is overbought or oversold by analyzing indicators such as the Limited Growth Stock to Flow (LGS2F) or the BTC Supply in Profits and Losses (BTCSPL). These insights guide our perspective on market sentiment. Based on these indicators, we are clearly not at the top of the bull run yet.
5. ETF
The eagerly anticipated approval of a Bitcoin Exchange-Traded Fund (ETF) has been already approved, now institutions are eyeing other assets such as $INDEX:ETHUSD. Such an approval would open the floodgates for institutional investors, propelling crypto into mainstream finance. This potential catalyst holds significant weight in our thesis.
6. Global Liquidity Cycle
Global liquidity conditions are never static. Monitoring changes in monetary and fiscal policies across the globe is essential. These shifts impact asset classes, including cryptocurrencies, and play a pivotal role in our assessment of market dynamics.
Alt Picks:
1. Highest Correlation to Bitcoin
The crypto market dances to Bitcoin's tune. Bitcoin, as the pioneer and bellwether of the crypto space, sets the tone for the entire market. When Bitcoin soars, the majority of altcoins follow suit, and when it corrects, they often do too. Therefore the best assets are those that are the most correlated to bitcoin and have the highest volatility.
(credit: @VanHe1sing)
2. Highest Beta with High Correlation
Risk-tolerant investors may seek high-beta cryptocurrencies that closely track Bitcoin's price fluctuations. As the market is highly correlated to INDEX:BTCUSD , these assets are essentially leveraged bets on Bitcoin without the risk of liquidation as you do not need leverage. Bear in mind that this requires a strong stomach for volatility.
3. Percentage Distance from All-Time High (ATH)
Investors often hunt for gems that have yet to reach their previous all-time highs. We carefully examine how far an altcoin is from its ATH, as this metric can indicate growth potential and an opportunity to enter the market at an advantageous position. Below are some examples⤵️
Emerging Narrative Plays:
1. Solana Memes
The Solana ecosystem is vibrant, and emerging meme culture adds a unique dimension. Projects like Degen Ape Academy and SolPunks capture the community's imagination, making Solana a narrative play to watch. Some other Solana memes are: BINANCE:BONKUSDT and MEXC:WIFUSDT
2. AI (Artificial Intelligence)
The convergence of AI and blockchain technology holds immense promise. Projects harnessing AI for data security and transparency within blockchain networks are at the forefront of this narrative play, exploring the limitless possibilities at this intersection. Some of these tokens are: BINANCE:RNDRUSDT , KUCOIN:AKTUSDT , MEXC:TAOUSDT
3. Domains
Blockchain-based domain management and trading platforms are gaining traction. As online presence continues to expand, cryptocurrencies related to domains present an intriguing narrative play with real-world applications. One such to coin to look at is: BINANCE:ENSUSDT
4. US Presidential Elections
US presidential elections are happening this year. This could potentially lead to rallies of tokens such as MEXC:TRUMP2024USDT . Understanding this political narrative is essential for any crypto investor.
In conclusion, our Crypto Bull Thesis combines the limited growth Stock to Flow model, the Bitcoin four-year cycle, market correlations, and global liquidity conditions to guide investment decisions. Alt picks based on correlation, beta, and ATH distance provide diversification options. Additionally, emerging narratives like Solana Memes, AI, Domains, and the US presidential elections offer opportunities for forward-thinking investors to navigate the ever-evolving crypto landscape. As always, we provide this info for educational purposes, it is important to Do Your Own Research.
SPX Double Top - January 2024 Recession: Target 1599Hello everybody, I have been keeping a close eye on our economy and indices and it looks like we are already in a recession. This will be one of the biggest recessions in history and will make 1929 and 2008 look like a correction. As job layoffs continue, we expect this to increase dramatically for the next couple of years. On a technical level we are witnessing a major double top
The "EXPERTS" are wrong! The bull run is upon us!This chart is to show anyone still on the fence about buying bitcoin, weather the bottom is in and if bitcoin is about to enter a bull market.
Lets take a look at this 2 week chart of bitcoin with three indicators.
1 CM ULTIMATE MA
2 PI CYCLE BOTTOM (only the short MA to keep it clean)
3 TRADERS DYNAMIC INDICATOR (TDI)
All three of these indicators are screaming that not only the bottom is for 6 months now but that the bull run is right around the corner. We can also see that price action would battle here with these areas until they broke above and confirmed the bull run, we are not there yet, but bitcoin is in the amidst of this battle as we speak. So, once these lines are conquered the bull should be official. It will not go below until the bull run is over. the one exception for this is covid in 2020, but it fairly quickly recovered from.
Lets look at the facts.
The thick green line that turns red in bear trends is the cm ultimate and the thinner green is pi cycle. Three previous times in history the pi line has crossed down below the cm ultimate which marked the eventual bottom. The cross up is what is important here as every other time in history marked the bottom well behind it and was approaching the inevitable next bull phase. {Highlighted with ovals}
Now the TDI
The TDI is actually showing confluence which only strengthens our analysis. The TDI also showed bullish divergence for many weeks before the latest breakout mark with yellow lines. Also the TDI shows strength and momentum build up as we compare it to the previous market cycles. The red line first makes a bottom and then crosses the green line. then it crosses the median yellow line and the green line then follows it. When both the red and green lines crossed the median yellow line in previous history, the bull run followed very shortly after. {highlighted with bigger ovals}
So, according to these indicators the bull market is coming very soon. We can have another big correction here soon, but the as long as the criteria is met the rocket ship will leave orbit.
Thank you
WeAreSat0shi
Stay blessed!
Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
The bear trap is set. The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks.
Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap.
What to look for
The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move.
Thanks for looking
Hit the like and subscribe for hot off the press charts.
WeAreSatoshi
Stay blessed in 2023.
AUDUSD Near Its 6-Month HighHi Traders!
AUDUSD is having a strong finish to end the year and is targeting the 6-month high at 0.68948.
Here are the details:
After the double top at 0.68948 six months ago, AUDUSD was in a bear market for two months and then went into a range zone for three months. Last month, the market finally broke the 0.65175 range zone resistance and has been in a bull market ever since.
We have a bullish view on this pair also in our long-term idea, as on the 1W chart, there has been a triangle breakout above the resistance trendline. The strategy here is to buy the market dips to target the six-month high at 0.68948.
Preferred Direction: Buy
Target Level: 0.68948
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
"Ethereum Price Analysis: Breakout, Daily Trends, and HistoricaIn the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated.
In the daily time frame:
- Ethereum faced rejection at the $2400 level.
- The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement.
- In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range.
Regarding Ethereum's historical data:
- In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH took 777 days to surpass its previous all-time high (ATH).
- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.
- The last bull run lasted around 1071 days.
- This time, it is expected to last between 1071 to 1064 days of a bull market.
Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
SPY Bull Run Eyes $492 Post-FOMC: Key Indicators & Gaps AnalyzedSPY's Bullish Surge: Decoding Market Indicators and Gaps
The SPY is riding a bullish wave, scaling new heights with remarkable momentum. On my chart, three proprietary indicators are at play, offering unique insights into the market's pulse. Particularly noteworthy is the indicator that measures cycle direction strength across time frames. Currently, it signals substantial bullish force from the higher period cycles – a force that remains unyielded.
Post-FOMC statements have set the upper resistance for SPY around $492, and that's my line in the sand for considering any short positions. We're not there yet, and the strength indicators suggest the climb isn't over.
Thursday's trading painted a complex picture: an impulse wave downwards, which acts as a correction to the previous day's upward surge, left a notable gap at 472.30. The odds are in favor of this gap being filled before the market rings in the new day. Yet, from the vantage point of the shorter cycle, the target gap stands higher at 462.88.
When it comes to trading these gaps, the rule of thumb is clear: the market must tread in the gap's direction for it to be closed. As traders, we watch these patterns closely, for they often spell the difference between an ordinary trade and a strategic win.
Stay tuned, follow for updates, and trade with the confidence of informed insights.